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New York Life has launched Wealth Plus, a series of innovative life insurance solutions that combine death benefits with early, tax-advantaged cash accumulation. This offering enables clients to enhance their financial strategies effectively. Wealth Plus includes Secure Wealth Plus, a 10-year whole life policy, and Market Wealth Plus, a variable universal life policy, both requiring a minimum annual premium of
New York Life announced a donation of $100,000 to the Team Eastern Kentucky Flood Relief Fund in response to severe flooding in Eastern Kentucky. CEO Craig DeSanto expressed the company's commitment to assisting those affected during their time of need. Additionally, New York Life is offering crisis relief to its policyholders, including emergency loans and payment extensions. In 2021, the company contributed over $32 million to various charitable initiatives, including nearly $4 million in response to the COVID pandemic.
New York Life appoints Todd Taylor as Head of Retail Annuities, overseeing a key profit center, with over $13 billion in 2021 sales. Taylor, who joined in 2008, brings extensive experience in actuarial roles and strategy. He replaces Dylan Huang, who now manages additional responsibilities. Taylor aims to enhance retirement solutions, addressing retirees' needs during their financial transitions. New York Life remains the largest mutual life insurer in the U.S., maintaining strong financial ratings from major agencies.
New York Life announced the appointment of Thomas Schievelbein as Lead Director of its Board, effective July 1, 2022. Schievelbein, who has extensive experience as former CEO of Brink’s Company and president of Northrop Grumman Newport News, has served on New York Life’s Board since 2006. His leadership is expected to significantly benefit the company. New York Life is the largest mutual life insurer in the U.S., providing life insurance, retirement income, and more, with top financial strength ratings from major credit agencies.
New York Life has launched its first podcast series, Love Takes Action, starting on
New York Life has reported record financial results for 2021, showcasing remarkable stability amid pandemic challenges. Key figures include a surplus of
New York Life has pledged $150,000 in corporate grants for disaster relief following tornadoes in several Midwest and Southern states. The funds will support organizations in Arkansas, Illinois, Kentucky, Mississippi, Missouri, and Tennessee, along with $100,000 for its own Emergency Assistance Fund. Additionally, employee donations to designated funds will be matched up to $100,000. This is part of New York Life’s commitment, having donated nearly $4 million in 2021 for disaster relief initiatives.
New York Life has declared a historic $1.9 billion dividend for 2022, marking the largest payout in the company's history. This dividend signifies the company’s 168th consecutive year of distribution and reflects its robust financial position, having paid over $44 billion in total dividends since 1990. With a solid surplus of $28 billion and strong financial ratings from major agencies, New York Life remains committed to policy owners, supporting them through low interest rates while enhancing their financial security.
